As President Joe Biden embarks for Asia on Thursday, he’s facing a new risk at home for the economy and his Democratic Party: a global slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories.
Author: Josh Boak
Biden sees bigger role for US farms due to Ukraine war
President Joe Biden wants to put a spotlight on the spike in food prices from Russia’s invasion of Ukraine when he travels to an Illinois farm to emphasize how U.S. agricultural exports can relieve the financial pressures being felt worldwide.
Biden budget seeks minimum tax on households worth $100m
President Joe Biden intends to propose a minimum tax of 20% on households worth more than $100 million and cut projected budget deficits by more than $1 trillion over the next decade, according to a fact sheet released Saturday by the White House budge…
White House: File your taxes to get full child tax credit
The Biden administration is kicking off an outreach campaign to get millions of families to file their taxes — so they can receive the second half of payments from the expanded child tax credit. Vice President Kamala Harris, Treasury Secretary Ja…
Biden task force releases report to strengthen labor unions
A Biden administration task force on organized labor on Monday issued a set of recommendations that could make it easier for federal workers and contractors to unionize. The report submitted to President Joe Biden included 70 distinct policy proposals,…
Joe Biden aims to reduce cancer deaths by 50% over next 25 years
President Biden is committing to reduce the cancer death rate by 50% — a new goal for the “moonshot” initiative against the disease that was announced in 2016 when he was vice president. Biden has set a 25-year timeline for achieving …
Biden goes shopping to highlight economic growth
President Joe Biden pledged last week to chat more with everyday Americans and took an initial step Tuesday afternoon by visiting a gift shop and ice cream store in Washington’s Capitol Hill neighborhood. Biden went shopping at Honey Made, a boutique t…
Biden admin reveals 60 finalists for $1B in economic grants
WASHINGTON (AP) — Commerce Secretary Gina Raimondo on Monday announced 60 finalists for $1 billion in economic development grants tied to the Biden administration’s coronavirus relief package and aimed at improving job training and regional indus…
White House offering more aid for winter heat, utility bills
The Biden administration is taking steps to help distribute several billion dollars in aid for winter heating and utility bills, an unprecedented sum that comes largely from its $1.9 trillion coronavirus relief package. The package provided an addition…
Biden tries to tame inflation by having L.A. port open 24/7
WASHINGTON — President Joseph R. Biden tried to reassure Americans on Wednesday that he can tame high inflation, announcing a deal to expand operations at the Port of Los Angeles as prices keep climbing and container ships wait to dock in a traff…